“Revolut’s New Crypto Exchange: Designed for Experienced Traders Seeking Advanced Features and Functionality”
The ‘Advanced Traders’ will be the focus of Revolut’s next cryptocurrency exchange.
More in-depth analytics and lesser costs will be offered via the platform in comparison to the app offered by the digital bank.
Revolut, a digital bank, is now conducting beta testing of a cryptocurrency exchange that is aimed for “advanced traders.”
When compared to trading via the Revolut app, the costs charged by the exchange will be cheaper, and it will also provide improved market insights.
The digital bank Revolut is planning to launch a cryptocurrency exchange that would cater to “advanced traders,” as stated in an email sent to customers that CoinDesk was able to see.
Revolut presently provides fundamental cryptocurrency services to a significant portion of its thirty million clients. A reduction in costs and an improvement in market analytics will be provided by the exchange.
“We are launching a new cryptocurrency exchange, built with advanced traders in mind,” were the words that were written in the email that requested the client to try out the new platform. “You’ll find deeper analytical tools and lower fees than the app.” Users are now able to trade using limit and market orders, and fees have been adjusted to range between 0% and 0.09%. Additionally, functionality has been introduced to enable users to trade. When a trader wishes to buy or sell an item at a certain price, they would often utilise limit orders using their trading platform. Limit orders will not be subject to any costs.
In December, Revolut made the decision to cease cryptocurrency services for corporate clients in the United Kingdom, citing new laws around cryptocurrency advertising that were implemented by the Financial Conduct Authority (FCA). CoinDesk was able to see the email that was sent to a client located in the United Kingdom.
In the beginning of this week, it was revealed that Revolut intends to include BONK, the most popular meme currency in Solana, as part of a “learn and earn” programme. This campaign would involve the distribution of BONK to a percentage of the company’s clients.